PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0640%/8h= +70.1% APRnext payment +$0.80 per $10,000 · paid last 24h +0.289%

Price spread now: Lighter against Popdex−0.005%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$232as in the Price arb table

costs, in and out, $10k−$2272.273% of the position

Long on Popdex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.745%+$75 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now −0.005%, 7d avg +0.039%

Together, before fees+0.576%+ Points / potential airdropLighter: Season 3 · farm board+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.044% cheaper against Popdex than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.039%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.5952	0.0096	pay 0.0012% / 1h	35m 02s	$17K	$438K	20x
Short	Lighter PONS	0.5952	0.0736	get 0.0092% / 1h	35m 02s	$1.7M	$992K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PopdexbpFee LighterbpOrdersPrice spread, now −0.005%Rate

Funding earned: $134.4
Price spread: −0.005% → +0.039%: −$4.38
Slippage, 4 orders: −$220.91
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$97.29
Costs to cover: 2.273%
Break-even: 12.1 days

Slippage from Popdex: live order book, 49 min ago; Lighter: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Popdex live order book, 49 min ago	2.80 bp	97.9 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	2.10 bp	12.1 bp −$12	19.6 bp −$196	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0034%	1h	0.5944	−0.139%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.294%	$614	$10K	5.5x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.5952	long leg	$17K	$438K	20x
Bybit PONSUSDT	+0.0100%	4h	0.5939	−0.218%	$17.7M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5939	−0.218%	$13.4M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5947	−0.092%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5945	−0.124%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5955	+0.056%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5986	+0.566%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5948	−0.066%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5955	+0.044%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5949	−0.052%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5963	+0.188%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5943	−0.151%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5943	−0.145%	$370	—	3x	as long as short
Aster PONSUSDT	+0.0137%	4h	0.5939	−0.211%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0174%	4h	0.5950	−0.034%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0174%	4h	0.5945	−0.118%	$38.7M	$97.7M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5943	−0.151%	$247K	$667K	5x	as long as short
BingX PONS-USDT	+0.0184%	4h	0.5942	−0.168%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0197%	4h	0.5961	+0.147%	$21K	$293K	10x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.5947	−0.084%	$90K	$103K	5x	as long as short
Lighter RH PONS	+0.0384%	1h	0.5950	−0.035%	$418K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0414%	4h	0.5948	−0.067%	$1.7M	$977K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5945	−0.120%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0486%	1h	0.5954	+0.027%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0625%	1h	0.5950	−0.029%	$60.0M	$30.0M	3x	as long as short
Lighter PONSshort	+0.0736%	1h	0.5952	−0.005%	$1.7M	$992K	3x
Gate PONS_USDT	+0.1330%	4h	0.5942	−0.168%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5976	+0.398%	$30K	$96K	3x	as long as short